The second edition of Digital Africa, a startup competition and digital innovation to support sustainable development in Africa, launched on September 19.
South Africa Tender and Business News
South African financial services group Discovery (Discovery.co.za) recently announced major expansion plans for its highly-successful Vitality Shared-Value Insurance Model (SharedValueInsurance.com). Those plans will even take it to Japan as a new core market for the company.
Solafrica Energy (Pty) Ltd., a developer of utility-scale solar power plants in Southern Africa, received a grant from the U.S. Trade and Development Agency (USTDA), for a pilot project that demonstrates the performance of an energy storage system based on Primus Power Corporation’s (California) EnergyPod2® technology.
New study from Control Risks Group suggests that while Nigeria, South Africa, and Egypt, the traditional economic giants of Africa, have been stumbling recently, Kenya and Ethiopia might soon outshine their performance.
Mitsubishi Hitachi Power Systems Ltd., (MHPS), in cooperation with other companies from its group in Africa and Europe, just delivered the first boiler for the Eskom Holdings SOC Ltd. Kusile Power Station, currently under construction in South Africa.
South Africa's Department of Trade and Industry (the dti) will be leading a trade group to represent the country at the 17th Annual China Mining Congress and Expo that will be held at the Tianjin Meijiang Convention Centre in China from 23-25 September 2017.
The US $2.2 billion restructuring of Kenya Airways PLC, the largest debt and equity restructuring in Kenya's history, is almost complete.
Oxygen8 South Africa, a company which provides billing services connecting mobile carriers and content providers in the country, just recently introduced a new anti-fraud software solution developed by U.S. based Blockfraud, Inc.
Statoil, a multinational oil and gas company headquartered in Stavenger, Norway, has purchased a sizeable share of offshore oil exploration rights from ExxonMobil Exploration and Production Limited of South Africa.
Kusile Unit One, a power plant operated by state power agency Eskom in South Africa, has begun commercial operations, according to GE, the main contractor for key elements of that plant.
TerraPay, a mobile payments company based in the Netherlands, has received regulatory approval to launch cross-border money transfer services in South Africa.
Hong Kong's Centre for Food Safety (CFS) announced on August 31 that raw oysters harvested in Zwembesi Farms of South Africa are suspended for import into or sale within Hong Kong, effective immediately.
Sappi Limited of South Africa is acquiring the the Xylex® and Versalac® technologies owned by Plaxica Limited, as part of a move to increase its biorefining expertise.
During a recent visit by Zambia's Finance Minister, Honourable Felix Mutati, and his delegation to the offices of the Development Bank of Southern Africa (DBSA), the DBSA pledged to partner with the government on infrastructure development in the region.
Effective August 31, Chinese tourists visiting South Africa now have a new way to make purchases, because of a new partnership between China-based Ant Financial Services Group and South Africa's Zapper, the fast-growing mobile payment, customer insights and digital marketing platform.
The winners of the most innovative real estate property developments across sub-Saharan Africa were honored on August 24, at the Africa Property Investment Awards held in Johannesburg.
One of the latest purchasers of land at Kenya's Tatu City is South Africa's ADvTECH Ltd. It will use the land to build a Crawford International School, catering to all ages of students from Kindergarten to A-levels with modern facilities including boarding for senior students.
The High Court of South Africa, Gauteng Local Division, ruled on August 18 that comments made by former newspaper editor Jonathan Qwelane were hate speech, as defined by the provision of the Promotion of Equality and Prevention of Unfair Discrimination Act 4 of 2000, read with section 9(4) of the Constitution of the Republic of South Africa, 1996 (Constitution).
Normally conflict involving labor unions is between the unions and the companies they support. In South Africa, they are at war with each other, with union members harassed, beaten and murdered. 5 years after the deadly conflict at Marikana, when police shot and killed 34 demonstrators, the wounds have still not healed.
The President of South Africa, Jacob Zuma, recently signed into law the 2017 Financial Sector Regulation Act.
A subsidiary of the Barclays Africa Group (BAGL) (www.BarclaysAfrica.com), Absa Bank Limited (Absa.co.za.), has landed a $100 million five-year term Special Facility Agreement with the China Development Bank (CDB).
The African Development Bank signed off on a Host Country Agreement with South Africa on August 18. This establishes the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital.
Swayana (Pty) Ltd., an energy developer based in Pretoria, South Africa, has received a grant from the U.S. Trade and Development Agency (USTDA) for a feasibilty study to convert waste gas, also known as off-gas, into a usable fuel product.
Johannesberg's Absa Bank provided refinancing for Harmony Gold Limited and increased its total capital to a 3 year U.S. $350 million facility.
The Stanford Graduate School of Business just announced a new three-year partnersnip with De Beers Group to empower young entrepreneurs and owners of established businesses in Botswana, Namibia, and South Africa through two new educational programs launching in 2018.